Paladini insists, contrary to reports, that former QPR co-owner Flavio Briatore is not involved.

Paladini today claimed the offer tabled is considerably more than the £12million reportedly rejected by Birmingham’s board.

Birmingham have made no official comment on the matter.

Paladini told BBC Radio WM: “I am involved in a consortium and the bid is not £12million, it’s much, much more than that. Unfortunately I can’t really say too much because everything is in the hands of the lawyers.

“Yes, we’ve made an approach. But I’d like to make a point that Flavio Briatore is not involved in this venture.”

Paladini insisted he would not be waving blank cheques around should he and his team be successful in taking control of the club.

Asked about the wealthy members of the consortium, Paladini replied: “Even if I mentioned the names you wouldn’t know them anyway because most of them are Italian, they all live in Italy.”

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